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TCS Tax Demand News

15-09-2024 – TCS Tax Demand News

Thousands of employees of TCS got tax demand notice from income tax department. Income tax department has sent tax notice to thousands of employees of India’s IT company TCS and has demanded tax ranging from Rs 50,000 to Rs 1.45 lakh.

What did TCS tell employees to pay tax?

TCS has asked its employees to stop paying tax for the time being because the company has said that until the clarification of the notices sent by the income tax department is not received, the company should not pay tax.

How many employees of TCS got notice from the ice tax department?

It is known from a report that almost 30,000 employees of TCS have received notice to pay tax, although there has been no official news from TCS, but the company has sent an internal email to its employees.

This tax matter is related to the 4th quarter.

TCS has said in the email that this notice sent by the income tax department is regarding the TDS deduction made in the financial year 2023-24. The company first wants to get this issue known from the income tax department and then further steps will be taken to end this matter. Then TCS has forbidden its employees from paying tax.

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05-09-2024 – TCS News – How was the 20 year journey of TCS

In the year 2004, Tata group brought its IT Company TCS IPO in the Indian stock market, and immediately it got a strong response from the investors. Since then till date this company has not disappointed its investors and has given multibagger returns to everyone.

Tata Group is one of the oldest business families in India and their company is TCS, which started on 25 August, 2004. Starting its journey from Rs. 100, this share has crossed Rs. 4400 today and is giving very good returns to its investors.

TCS is India’s most valuable IT company. Since its inception till date, the company has seen a growth of 3000% and with a market capitalization of 16.20 lakh crore, TCS is not only India’s but also Asia’s second largest company, Reliance comes first.

After 2004, there was no IPO of Tata Group, but in 2023, they had an IPO named Tata Tech, which is also in everyone’s sight. Apart from India, TCS business is running in 55 other countries and slowly it is expanding all over the world.

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